Man Loses Over RM100,000 to Year-Long Bogus Islamic Investment Scheme

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Crime Noticias

Investment Scam,Islamic Investment,Bogus Investment

A 73-year-old man in Kota Tinggi fell victim to a year-long bogus Islamic investment scheme, losing over RM100,000. He was lured in by a Facebook advertisement promising high returns and contacted via WhatsApp by a woman who explained the investment. The victim made multiple payments over a year but received no profits. Police are investigating the case.

A 73-year-old man in Kota Tinggi lost over RM100,000 to a bogus Islamic investment scheme that operated for a year. The victim reported the scam to police on Thursday (Dec 19), stating he suffered losses of RM107,296. His ordeal began in October 2023 when he saw a Facebook advertisement for Crasping Silver, promoting an Islamic method of share investment. He contacted the Facebook account and was then reached via WhatsApp by a woman who explained the investment, promising double profits.

The suspect informed him that registration as a Crasping Silver member was a requirement for investment. The victim made 15 payment transactions to nine different bank accounts from October 2023 to October 2024, but received no profits. After his last payment on October 24, he was unable to contact the suspect and realized he had been scammed. The case is being investigated under Section 420 of the Penal Code. Supt Yusof urged the public to be cautious of investment offers promising high returns in a short time and advised them to verify bank accounts before making transactions using the Semak Mule service online. He also recommended downloading the Whoscall Apps to avoid scams

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